Exxon Mobil Corp has joined Shell Plc in seeking to divest their Aera joint venture, and the duo are in advanced talks with a buyer for the California oil and gas producer, three people with knowledge of the matter said...
Woodside in talks to sell stake in Scarborough gas field
Woodside Energy Group is in talks with high quality companies looking to buy a stake in its $5.7 billion Scarborough gas project, but won’t sell unless it gets the right price, Chief Executive Meg O’Neill...
Exxon to sell Arkansas shale gas assets to Flywheel Energy
Exxon Mobil Corp has reached an agreement with Flywheel Energy to sell to the closely held U.S. oil and gas producer natural gas properties in Arkansas, an Exxon spokesperson confirmed on Friday. The sale of...
TotalEnergies sells stake in Siberia gas field to Russia’s Novatek
TotalEnergies is selling its stake in a Siberian gas field, owned in a joint venture with Novatek, to the Russian oil and gas company, the French energy major said amid criticism over its business dealings in Russia...
ONGC, Indian Oil to make joint bid for JBF Petrochemicals
ONGC and Indian Oil will submit a joint financial bid for JBF Petrochemicals, the former said in response to ET’s queries on its interest to acquire the Mangalore-based bankrupt chemicals company under corporate...
RIL may be lone bidder for JBF Petrochem, which defaulted on Rs 5K-cr loan
Reliance Industries (RIL) is likely to be the lone bidder for Mangalore-based JBF Petrochemicals, which is up for sale after defaulting on bank loans worth Rs 5,000 crore. The lenders for the second time extended the...
ONGC ties up with ExxonMobil for deepwater exploration
State-run ONGC has signed a heads of agreement (HoA) with global petroleum giant ExxonMobil for deepwater exploration in the east and west coasts of India. A statement from ONGC said that the collaboration areas focus...
Phillips 66 offers to buy pipeline operator DCP Midstream
U.S. refiner Phillips 66 offered to acquire the public units of DCP Midstream in a deal that would value the pipeline operator at $7.2 billion deal and bulk up Phillip’s natural gas liquids business. A deal would...
Shell completes acquisition of Sprng Energy
Shell plc has completed the acquisition of Solenergi Power Private Ltd. and with it the Sprng Energy group of companies from Actis Solenergi Limited (Actis). On 29 April, Shell Overseas Investment B.V., a wholly owned...
Capricorn should ditch Tullow merger deal, Palliser says
Capricorn Energy should ditch its proposed merger with Tullow Oil, investor Palliser has said in a letter seen by Reuters, describing it as “one-sided” and short of “meaningful strategic...
Kistos walks away from bid to acquire North Sea’s Serica Energy
North Sea investment firm Kistos walked away from its proposed offer to acquire British oil and gas group Serica Energy following weeks of wrangling. In July, Serica rejected Kistos’s cash and shares merger...
Govt to decide on re-initiating BPCL sale after reviewing situation: FinMin
The government will decide on re-initiating the process of BPCL strategic sale based on a review of the situation in due course, Parliament was informed on Monday. In a written reply to the Lok Sabha, Minister of State...
